Allianz denies union allegations on pay deal
05 December 2016
Allianz has disputed Finance Sector Union accusations that the insurer plans to slash some workers’ annual pay by thousands of dollars…
Corporate
New Suncorp store draws inspiration from Apple
05 December 2016
Suncorp has opened its first concept store – a one-stop shop for the group’s array of insurance and other financial products…
Tower plans company split as quake claims deepen loss
05 December 2016
New Zealand insurer Tower has posted a $NZ21.5 million full-year loss amid further Canterbury earthquake claims and IT impairment charges…
AIG shoots down aviation departure talk
05 December 2016
AIG has denied market rumours it is planning to exit the local aviation market…
Business as usual for Youi despite NZ quake
05 December 2016
Youi New Zealand is continuing to underwrite home and contents cover in areas hit by a powerful earthquake last month, bucking conventional practice to embargo new business after a major natural disaster…
Suncorp broadens health suite through Nib alliance
05 December 2016
Suncorp has begun offering a wider range of health covers under an expanded alliance with Nib, which will underwrite, handle claims and provide administrative support…
QUS brings claims handling in-house
05 December 2016
From today strata insurer QUS will handle all its claims in-house, rather than using a third-party administrator…
Ensurance welcomes more white-label partners
05 December 2016
Broker and insurance technology group Ensurance’s online platform signed up 35 white-label partners last month, raising the total number to 84…
HIA-Aon joint venture names new CEO
05 December 2016
Tim Olive will replace David Turner as CEO of Housing Industry Association Insurance Services from January 30…
GB unveils online claims solution for workers’ comp
05 December 2016
Claims administrator Gallagher Bassett has introduced an online reporting solution for workers’ compensation professionals…
AUB teams up with Suncorp on direct life
28 November 2016
AUB Group has announced it will work in partnership with Suncorp to introduce a direct life insurance offering…
Elders raises stake in aligned agency
28 November 2016
Elders has acquired another 10% stake in Elders Insurance Underwriting Agency from QBE, raising its holding to 20%…
iSelect attacks insurers over comparison site refusal
28 November 2016
Customers are missing out because major insurers refuse to participate in comparison websites, according to online comparator iSelect…
Suncorp offloads NZ motor cover
28 November 2016
Suncorp will sell most of its Autosure motor insurance business in New Zealand to Turners, a listed integrated financial services group and major used vehicle retailer…
Allianz exec to take reins at RACQ Insurance
28 November 2016
Brisbane-based RACQ Insurance has confirmed the appointment of Allianz executive John Myler as CEO…
S&P affirms Allianz Australia ratings
28 November 2016
S&P Global Ratings has affirmed Allianz Australia’s AA- financial strength and issuer credit ratings due to its strategic importance to the German parent…
IAG considers further offshoring
21 November 2016
IAG has confirmed it may move more jobs offshore under a drive to increase efficiency…
Ausure announces Ruralco merger
21 November 2016
Agribusiness Ruralco has agreed to acquire a 50% joint-venture interest in Ausure Consolidated Brokers…
IAG warns of catastrophe impacts
21 November 2016
IAG says this month’s New Zealand earthquake and trans-Tasman storm may result in a net cost to the group of $200 million…
Australia ripe for Friendsurance model, country boss says
21 November 2016
The CEO of Friendsurance Australia says he does not consider the peer-to-peer insurance company a disruptor, but rather a “new dimension” to the industry…